2023 MAD to HKD Historical Review

YEARLY HIGH

0.8134 HKD

YEARLY LOW

0.7430 HKD

YEARLY AVERAGE

0.7736 HKD

2023 MAD to HKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MAD to HKD exchange rate experienced significant fluctuation. The market reached its absolute peak on July 15, valuing the pair at 0.8134. Conversely, the yearly low was recorded on January 3, dropping to 0.7430.

This high-to-low spread represents a total annual volatility of 0.0704 HKD. From a start-to-finish perspective, comparing the January average rate of 0.7643 to the December average rate of 0.7778, the exchange rate registered a net change of 1.76% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.8134 was down 3.83% compared to the 2022 peak of 0.8459, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 5,000 MAD based on timing:

Yearly Peak High 4,067 HKD

2022 Average 3,864 HKD

Yearly Trough Low 3,715 HKD

Transaction Impact: A difference of 352.21 HKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.8071

0.7557

JanuMarcMayJulySeptNove

MAD to HKD Seasonal Trends & Volatility Analysis

A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.

Seasonal Halves (H1 vs H2)

Seasonal

The average exchange rate in the first half of the year (H1: Jan–Jun) was 0.7694, compared to 0.7778 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0084 points.

H1 Avg (Jan–Jun) 0.7694

H2 Avg (Jul–Dec) 0.7778

Volatility Range Comparison

Volatility

The most volatile month in 2023 was August, with a trading range of 0.0372 HKD (High: 0.8084 / Low: 0.7712). On the other end, October was the most stable month, with a tight range of 0.0136 HKD (High: 0.7687 / Low: 0.7551).

August Spread (Volatile) ±0.0372

October Spread (Stable) ±0.0136

Growth Streaks & Declines

Trends

Between March and July, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between August and September, when the average rate fell by 0.0253 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0253

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2023: 0.8028) against the same month in 2022 (average: 0.7672), the exchange rate shifted by +0.0356 (+4.64%).

2023 Avg (July) 0.8028

2022 Avg (July) 0.7672

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.7778	0.7430	0.7643
February	0.7736	0.7531	0.7618
March	0.7690	0.7503	0.7600
April	0.7926	0.7673	0.7750
May	0.7871	0.7651	0.7755
June	0.7918	0.7685	0.7795
July	0.8134	0.7910	0.8028
August	0.8084	0.7712	0.7906
September	0.7717	0.7576	0.7653
October	0.7687	0.7551	0.7618
November	0.7773	0.7595	0.7684
December	0.7934	0.7668	0.7778